Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false32022-07-01No description of principal activity2truetrue 10330404 2022-07-01 2023-06-30 10330404 2021-07-01 2022-06-30 10330404 2023-06-30 10330404 2022-06-30 10330404 c:Director2 2022-07-01 2023-06-30 10330404 d:FreeholdInvestmentProperty 2023-06-30 10330404 d:FreeholdInvestmentProperty 2022-06-30 10330404 d:CurrentFinancialInstruments 2023-06-30 10330404 d:CurrentFinancialInstruments 2022-06-30 10330404 d:Non-currentFinancialInstruments 2023-06-30 10330404 d:Non-currentFinancialInstruments 2022-06-30 10330404 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10330404 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10330404 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10330404 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 10330404 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 10330404 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-06-30 10330404 d:ShareCapital 2023-06-30 10330404 d:ShareCapital 2022-06-30 10330404 d:InvestmentPropertiesRevaluationReserve 2023-06-30 10330404 d:InvestmentPropertiesRevaluationReserve 2022-06-30 10330404 d:RetainedEarningsAccumulatedLosses 2023-06-30 10330404 d:RetainedEarningsAccumulatedLosses 2022-06-30 10330404 c:FRS102 2022-07-01 2023-06-30 10330404 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10330404 c:FullAccounts 2022-07-01 2023-06-30 10330404 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10330404 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 10330404










SURREY HILLS PORTFOLIO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
SURREY HILLS PORTFOLIO LIMITED
REGISTERED NUMBER: 10330404

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,200,000
1,200,000

  
1,200,000
1,200,000

Current assets
  

Cash at bank and in hand
  
4,642
16,135

  
4,642
16,135

Creditors: amounts falling due within one year
 5 
(464,034)
(493,576)

Net current liabilities
  
 
 
(459,392)
 
 
(477,441)

Total assets less current liabilities
  
740,608
722,559

Creditors: amounts falling due after more than one year
 6 
(714,463)
(714,463)

  

Net assets
  
26,145
8,096


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
  
59,240
59,240

Profit and loss account
  
(33,195)
(51,244)

  
26,145
8,096

Page 1

 
SURREY HILLS PORTFOLIO LIMITED
REGISTERED NUMBER: 10330404
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






P J Burch
Director

Date: 17 March 2024


The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
SURREY HILLS PORTFOLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

The company, which was incorporated and registered in England & Wales (registered number 10330404), is a privately owned company limited by shares. The registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

As shown in the financial statements, the company has total assets exceeding total liabilities by £26,145 (2022 - £8,096). The company meets its day to day working capital requirements through the support of the director's loan account. The director has confirmed that their support will continue for the foreseeable future. For this reason, the company has decided to prepare the accounts using the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
SURREY HILLS PORTFOLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

  
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. 

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).

Page 4

 
SURREY HILLS PORTFOLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
1,200,000



At 30 June 2023
1,200,000

The 2023 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,140,760
1,140,760

1,140,760
1,140,760


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to related parties
445,671
477,413

Other taxation and social security
2,800
-

Other creditors
14,813
15,413

Accruals and deferred income
750
750

464,034
493,576



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
714,463
714,463

714,463
714,463


Page 5

 
SURREY HILLS PORTFOLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due after more than 5 years

Other loans
714,463
714,463

714,463
714,463

714,463
714,463


 
Page 6